Just a reminder about SCXs involvement in the EME/PDN uranium resource... could be the next mine to open in Australia... with a proven resource of almost $1 BILLION. SCX market cap still tiny at under $5 million!!!
Howard announcing Australia's nuclear strategy soon!
My calcs on SCX's Bigrlyi uranium project...
11.4 million lbs of uranium x AU$81/lb = $923,400,000
Mining and processing cost of approx AU$28.29/lb = $322,506,000 (approximated from other Australian uranium feasibility studies)
Capital cost to establish a processing plant, mining contractor, waste disposal, water supply and rehabilitation = AU$100,000,000
Project cashflow over 10 years = $500,000,000
SCX cashflow over 10 years (5%) = $25,000,000
PV of SCX cashflow over 10 years = $15,000,000
Annual cashflow accruing to SCX (5%) = $2,500,000
PV of annual cashflow accruing to SCX = $1,500,000
So at a market cap of $6M vs a project PV of approx $15M, SCX looks very cheap!
Remember, SCX's other assets alone are worth over $5M!!!
- Forums
- ASX - By Stock
- billion dollar uranium resource..... tiny company.
SCX
southern cross exploration nl
Just a reminder about SCXs involvement in the EME/PDN uranium...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SCX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online